NOT LISTED FOR SALE

2488 Waiomao Rd Honolulu, HI 96816

Palolo Neighborhood

Estimated Value: $993,000 - $1,735,000

9 Beds
5 Baths
3,202 Sq Ft
$421/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $1,085,000 $339 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,484/month

114 Days on Market

Highlights

  • 16,260 Sq Ft lot
  • Views
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Coin Laundry

About This Home

As of June 2015

This rental property consists of 3 SFR's. House A- two 1/1 rentals. House B-1/1 cottage and house C-5/2 rental. Steady income. 3 meters. 3 parking. Interiors good shape. New roof was installed on C, 2 years. Pro. managed. 5% Cap.

The property has been prelim. approved to have a TMK split. Electric pole, sewer line and paved easement access have been put in place for future new development. You buy this property and with perseverance and eye towards development, you will end up with two separate lots. This property is sold in "as is" condition. Permit package, survey, engineering plans.

Last Agent to Sell the Property

Neal Fineman

Neal Fineman Property Mgmt License #RB-20183 Listed on: 01/19/2015

Last Buyer's Agent

Frances Gendrano

KFG Properties, Inc. License #RB-19601

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,351

Year Built

  • Built in 1945

Lot Details

  • 0.37 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,202 Sq Ft Home
  • 2-Story Property
  • Property Views

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Covered Parking

Schools

  • Palolo Elementary School
  • Jarrett Middle School
  • Kaimuki High School

Listing and Financial Details

  • Assessor Parcel Number 1-3-4-016-009-0000

Community Details

Overview

  • 4 Units
  • Palolo Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $33,880
  • Net Operating Income $52,305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,351

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1945
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Closed
  • Subdivision Name: PALOLO
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2014
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Stories: 2

Exterior Features

  • Construction Type: Double Wall, Wood Frame
  • Lot Features: Cleared, Other, Wooded
  • Property Condition: Average Condition
  • Topography: Rolling
  • View: Mountain(s)
  • View: Yes
  • Disclosures: Call Agent, Seller Disclosure, See Remarks

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 3.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Schools

  • Elementary School: Palolo
  • High School: Kaimuki
  • Middle Or Junior School: Jarrett

Lot Info

  • Parcel Number: 1-3-4-016-009-0000
  • Zoning Description: 05 - R-5 Residential District

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 52305.0
  • Annual Operating Expense: 33880.0
  • Tenant Pays: None
  • Total Actual Rent: 86185.0

Tax Info

  • Tax Annual Amount: 3351.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2015
Closed on
Jun 9, 2015
Sold by
Lautner Scott C
Bought by
Han Nancy Won
Seller's Agent
Neal Fineman
Neal Fineman Property Mgmt
Buyer's Agent
Frances Gendrano
KFG Properties, Inc.
List Price
$1,100,000
Sold Price
$1,085,000
Premium/Discount to List
-$15,000
-1.36%
Current Estimated Value
$1,348,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,192
Avg. Annual Appreciation
2.67%

Purchase Details

Closed on
Dec 12, 2008
Sold by
Lautner Scott C
Bought by
Lautner Scott C and Revocable Trust Of Scott C Lautner

Purchase Details

Closed on
Apr 4, 2008
Sold by
Harris Stephen Edwin and Harris Patricia Diane
Bought by
Lautner Scott C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
6.22%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Han Nancy Won $1,085,000 Tg
Han Nancy Won $1,085,000 Tg
Lautner Scott C -- None Available
Lautner Scott C $868,000 Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lautner Scott C $590,400
Previous Owner Lautner Scott C $625,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2015 06/12/15 Sold $1,085,000 -1.4% $339 / Sq Ft
05/13/2015 05/13/15 Pending -- -- --
01/19/2015 01/19/15 For Sale $1,100,000 -- $344 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,608 $1,028,300 $818,600 $209,700
2024 $3,608 $1,030,800 $818,600 $212,200
2023 $3,584 $1,023,900 $818,600 $205,300
2022 $3,164 $903,900 $709,500 $194,400
2021 $3,613 $1,032,200 $830,300 $201,900
2020 $3,633 $1,038,100 $830,300 $207,800
2019 $3,639 $1,039,700 $830,300 $209,400
2018 $3,574 $1,021,200 $816,000 $205,200
2017 $3,880 $1,108,600 $873,400 $235,200
2016 $3,770 $1,077,200 $841,600 $235,600
2015 $3,325 $950,000 $746,400 $203,600
2014 -- $957,400 $714,600 $242,800
Source: Public Records

Agents Affiliated with this Home

  • Neal Fineman

    Seller's Agent in 2015

    Neal Fineman

    Neal Fineman Property Mgmt

    (808) 753-3399

    7 Total Sales

    Neal Fineman
    Section Image
  • Frances Gendrano

    Buyer's Agent in 2015

    Frances Gendrano

    KFG Properties, Inc.

    (808) 454-2422

    2 in this area

    81 Total Sales

    Frances Gendrano
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201500953

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-4-016-009-0000

Hawaii Honolulu County Honolulu 96816 Palolo

2488 Waiomao Rd, Honolulu, HI

This home is located at 2488 Waiomao Rd, Honolulu, HI 96816 since 19 January 2015 and is currently estimated at $1,348,192, approximately $421 per square foot. This property was built in 1945. 2488 Waiomao Rd is a home located in Honolulu County with nearby schools including Palolo Elementary School, William P. Jarrett Middle School, and Kaimuki High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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